NEWS RELEASE

TARZANA (Jan. 24, 2018) – She is a real Valley girl, who grew up in a time before shopping malls became the icon that redefined growing up in L.A.’s biggest suburb. Dating to an era of orange groves and green hills, Clago’s family has lived in Tarzana since the 1950’s. They lived across the field from Edgar Rice Burroughs’s estate, who wrote the “Tarzan the Ape Man” novels which originated the city name of Tarzana.

She worked her paper route in an era where adolescent boys tossed the local paper from canvas bags hung from their bicycle handlebars onto customers’ driveways. She spent countless hours at her dad’s business, Clago’s Troutdale in Agoura, where tourists, local families and even business people stopped on a sunny afternoon to dangle a line in the ponds, many fishing for the very first time.

In junior high school, Allison Clago was voted most likely to succeed. It appears her classmates were prophetic. If success is measured in money, Clago, a well-known and respected Managing Director in Wealth Management, Wedbush Securities Inc. has done well. But when, as it should be, success is gauged by character, she rises to the top.

Clago, a member of the board of governors of Providence Tarzana Medical Center Foundation, is doubling down on her commitment to the health of the community she still calls home. On Jan. 24, Clago will formalize a trust, bequeathing a multi-million dollar donation to the hospital, now undergoing a major renovation and expansion. A 3 p.m. signing ceremony will be held in the hospital’s Foundation office, 18757 Burbank Blvd., Tarzana, Suite 216.

Each day the sun will rise and the moon will come out. In between we have control over how the day unfolds. Material things are replaceable, but with a person’s health you give up control. You can’t always fix it when a person is suffering and too often we stand by helplessly.

Clago chose Providence Tarzana Medical Center because, “It is my community hospital. Every member of my family has been treated at Tarzana Hospital. I was treated for breast cancer and my beloved father peacefully passed at Providence Tarzana Medical Center.” Clago chose health care because she believes it is essential to every person – at any time. It should not be a right afforded by the rich but a necessity for all, just the same as air and water.

Providence Tarzana is raising funds for its $540 million expansion and renovation of the 45-year-old hospital campus. Work has begun on the Tarzana Reimagined project, which includes a new patient wing, a new and expanded Emergency Department, a second parking structure, enhancements to the current 21-bed neonatal intensive care unit and the existing 33-bed Women’s Pavilion, expanded diagnostic and treatment areas, a redesigned lobby and visitor reception area and gardens.

The Providence Tarzana Foundation fundraises for the hospital to provide new technology, education, programs and other improvements and enhancements.

Clago learned the importance of philanthropy from her father, who contributed anonymously to community causes. In fact, his daughter initially did not want her gift announced, but she considered her mother’s strategy – “Put your name on it,” she said, “and people will follow your example.”

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About Providence Health & Services:
Providence Health & Services, Southern California, is a Catholic not-for-profit, mission-driven healthcare system. Providence Southern California operates six award-winning hospitals and a comprehensive, fully-integrated network of primary care clinics, urgent care centers, home care, TrinityCare and TrinityKids Care hospice as well as Providence High School. Providence is anchored locally by Providence Holy Cross Medical Center in Mission Hills, Providence Saint Joseph Medical Center in Burbank, Providence Saint John’s Health Center in Santa Monica, Providence Tarzana Medical Center and Providence Little Company of Mary Medical Centers in Torrance and San Pedro. With more than 3,400 physicians, Providence provides coordinated primary and specialty care through an array of physician groups and individual providers including Providence Medical Institute and physician groups in the South Bay, the West Valley and Santa Clarita. Providence affiliate, Facey Medical Group, provides primary and specialized care in the San Fernando and Santa Clarita valleys and Simi Valley. For more information, visit California.providence.org.

Since our founding in 1955, Wedbush has been a leader in the financial services industry providing our clients, both private and institutional, with a wide range of securities brokerage, wealth management, and investment banking services; Headquartered in Los Angeles, California with 100 registered offices and nearly 1,000 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology.